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The company's purchase of the Schroders investment banking business is being structured as a merger of that operation with Citigroup's Salomon Smith Barney investment banking unit.
Thermo Electron's chief executive, Marijn E. Dekkers, would run the combined company, these people said, though in some ways the deal was being structured as a merger of equals, with both companies getting equal representation on the combined company's board.
But being structured as a partnership limits the private banks' scope to grow large enough to achieve major economies of scale or to afford the increasingly sophisticated technology needed to serve offshore clients.
The deal is being structured as a merger of equals, although First Union, with $253 billion in assets, is more than three times the size of Wachovia, which has $74 billion in assets.
(I kept thinking of the letters from Julian Bell, Virginia Woolf's nephew, who was killed in the Spanish Civil War.) The play's most obvious hold on the audience's attention comes from its being structured as a sort of countdown to a tragic death.
The deal is being structured as a cash plus earnout transaction.
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"Amexica: War Along the Borderline" is structured as a "journey".
The sale is structured as a transfer that is designed to save Tribune taxes.
The settlement is structured as a warranty extension and not as a recall.
That deal was structured as a merger of Travelocity and Preview, which was a public company.
SEB was structured as a "mini-bond" that could not be traded.
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